Shares of Netflix Inc. have tumbled since October, when the streaming giant became one of the presumed suitors for Warner Bros. Discovery Inc. But despite a 28% plunge in less than three months, the stock still appears to be too expensive to entice investors.
“Netflix is not a screaming ‘buy’ at the current price levels,” said Christopher Brown, a financial adviser in private wealth management at Synovus Securities, who added that he owns Netflix shares personally and Synovus does in its portfolios.
The shares, which fell about 2% on Friday to the lowest intraday since April 9, are currently ...
